Personal Overdraft terms, fees and rates

Terms

Transaction and service fees
Overdraft Agreement – Sample
Student Pac and Graduate Pac Overdraft Terms & Conditions – Sample
Temporary Overdraft Confirmation – Sample

 

Fees 

 Interest rates and fees are current as at 18 November 2018 and are subject to change without notice. Some other service fees may apply from time to time, including overdrawn or Line of Credit charges.

Overdrafts - Service fees
Service fees are charged monthly on the last business day of the month^. The amount charged is based on your credit limit or the highest point of your overdraft for the month (whichever is greater). Note: debit interest charges may also apply.

Overdraft on transaction accounts - Fee type

Fee amount
Line of Credit charge (LCC) with arranged limit up to $5,000
$5.00 per month
with arranged limit of $5,000 or more 0.10% per month
Unarranged overdraft fee
This is charged if you go overdrawn without an approved overdraft limit.
$9 per month
Overdraft establishment fee - personal customers only
(where applicable)
overdraft establishment fee
$25
temporary limit up to 45 days $9 $0 establishment fee, up to and including $100

Overdraft on savings accounts - Fee type

Fee amount
Savings/Call account - Unarranged overdraft fee
This is charged if you go overdrawn without an approved overdraft limit.
$9 per month

^ A charge month starts on the last business day of the calendar month and finishes on the second to last business day of the following month.

You can get a copy of the current disclosure statement for Westpac New Zealand Limited, a copy of any applicable investment statement or term sheet for your investment, and full details of the terms and conditions from any Westpac branch in New Zealand free of charge. See the  transaction and service fees brochure for more details.

Rates

Westpac overdrafts have a base rate of interest, currently 13.95% p.a., plus a customer margin. The customer margin depends on your individual circumstances, and the amount of your overdraft limit. We can confirm your overdraft interest rate at the time you apply. Note a special interest rate concession applies to student and graduates.Should you become overdrawn without an arranged limit, the interest rate charged is currently 26.95% p.a.
All overdrafts are subject to application and usual Westpac lending criteria.